
Listen on Apple | Spotify | YouTube | Android | Google
Do you feel stressed every month about whether your revenue will cover your monthly expenses and your owner’s pay? I’m kicking off a series on the podcast about how to increase the revenue in your business without staying on the hamster wheel. First thing’s first: in this episode, I’m showing you how to calculate your monthly baseline revenue based on your income goals and monthly expenses so you know exactly how much you need to bring in every month.
Are you looking for more information on how to build wealth with your business and generate your first $1M? Sign up for my free weekly email series, Millionaire Mondays!
To calculate your monthly baseline revenue:
Go grab my free Revenue Goal Calculator to help you calculate your goal!
Start off by calculating how much money you need to take home from your business each month to take care of your bills and life expenses. This doesn’t need to be your dream salary for now, just how much you need to not take on personal debt to pay your bills each month. Add on a 25-30% buffer for taxes.
Then, calculate your monthly expenses. This includes your employees’ salaries and payroll taxes, office space, software subscriptions, insurance, etc. As you're gathering these numbers, it’s a great time to evaluate all your expenses and see what unnecessary expenses can be cut.
Your owner’s pay plus your monthly recurring expenses equals your monthly baseline pay. That total is how much money you need to bring in for revenue every month to cover your expenses and not stress about money in your business. Anything extra is icing on the cake that can go towards savings, investments, etc.
Click here to listen to this week's episode!
If you love the podcast, please leave me a review on Apple podcasts and share with a friend! This helps me share more knowledge with people like you so they can become more financially literate, create more profit in their business, and feel more financially stable and secure. Click here and scroll to the bottom to leave a review and make sure to let me know what you're finding the most helpful!
Do you have a question or topic you’d like me to cover on the show? Click here to send us your submission!
Links mentioned:

I’m Sarah Young - a CPA, Virtual CFO, and the Owner of Young + Co! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, and I started the Profit + Prosper podcast to help you do the same. Profit + Prosper is a business finance podcast created to help entrepreneurs build their wealth in a way that’s fun and empowering. This is NOT a boring numbers podcast - I will share tactical tips to increase your profit so you can truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
Connect with Sarah:
Catch all the video versions of the podcast on YouTube
Get in touch with Sarah to add a CFO to your team